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A post-implementation review of the Financial Accounting Standards Board’s standard addressing ownership interests within a company’s subsidiary found that the 2007 standard has achieved its purpose and provides useful information to users of financial statements, although there is some room for improvement.

The House of Representatives voted to revive the tax credit for corporate research and make it a permanent feature of U.S. law.

Baruch College in New York brought together the former chairman of the Financial Accounting Standards Board, Bob Herz, and the former chairman of the International Accounting Standards Board, Sir David Tweedie, last month to discuss the evolution of accounting standards and the convergence process.

The AICPA and its members distributed Natural Disasters: The Case for Permanent Tax Relief on Tuesday to members of Congress and their staff. The publication describes the history of disaster relief in the United States and the important role that tax relief plays for individuals and business in recovering from natural disasters.

Improvements are needed to safeguard and protect employers that use payroll providers.

A short history lesson about Black Americans who became CPAs after they were told that they it wasn't possible.

G2 Crowd, the user-generated business software review platform, published its updated Grid report for accounting software, ranking nine products based on 425 reviews.

A bipartisan group of lawmakers has introduced legislation in the House that would make the current adoption tax credit fully refundable.

The Supreme Court declined to hear a case involving a couple who owed more than $22,000 in unpaid taxes to the Internal Revenue Service, lost their case in Tax Court and then argued that the Tax Court violated the U.S. Constitution.

Yahoo! Inc. is pushing ahead with plans to spin off its stake in Alibaba Group Holding Ltd. after comments by the IRS triggered a share slump amid concerns the deal could hit a snag.